The Chilean Economic Development Agency (CORFO) estimates that $100 million will be spent on R&D in the country during 2008 through InnovaChile, CORFO’s innovation department. If private industry meets government investment, total R&D funding could reach $200 million this year. The majority of funding will go to clusters recommended by the National Council of Innovation […]
The Russian Cabinet approved a plan (see IBO 5/31/07) to increase sales in Russia’s nanotechnology sector from RUB 7 billion ($273.9 million) in 2007 to RUB 900 billion, or 3% of the global nanotechnology market, by 2015. The plan will support research and increase the number of businesses involved in the sector. At present, there […]
: Last month, the Chinese legislature passed a revision of its 1993 Science and Technology (S&T) Progress Law. According to the revised law, China’s overall R&D spending in the public and private sectors should increase steadily each year. Current plans state that China’s R&D spending will account for 2.5% of its GDP by 2020. The […]
The Science and Technology (S&T) budget for Japan’s fiscal year 2008 (April 1, 2008–March 31, 2009) was approved in December 2007 and totals ¥3.57 trillion ($32.5 billion), an increase of 1.7% (see IBO 1/15/08). Sixty-five percent of S&T spending will go to the Ministry of Education, Culture, Sports, Science and Technology (MEXT). Within the MEXT, […]
The Qatar National Research Fund (QNRF) announced the first winners of its $25 million in research awards. A component of Qatar’s efforts to improve the profile of its research in the international community and to increase its research-to-R&D spending percentage, the National Research Priorities Program (NPRP) funds projects for three years. A total of $10 […]
In 2006, total R&D spending was SGD 5,010 million ($3,154.3 million), or 2.39% of GDP. Forty-three percent of this spending went to R&D personnel, other operating costs accounted for 39% and capital expenditure made up 18%. Two-thirds of total R&D spending came from private industry and 12%, 11% and 10% came from public research institutes, […]
According to government estimates, 2007 Canadian R&D spending reached almost CAD 29.0 billion ($27.1 billion), a 3.3% increase over 2006’s CAD 28.1 billion ($24.8 billion). Academia accounted for 50.0%, or CAD 459 million ($428.2 million) of the increase, and industry accounted for 45.4%, or CAD 416 million ($388.1 million). Industry was the largest performer of […]
The Indian government has instituted a new strategy to boost the productivity of its biotechnology sector and improve its biotechnology education system. The strategy seeks to bring production in the biotechnology industry to $7 billion by 2012 and create world-class research and educational centers. The government plans to spend INR 65,000 million ($1.6 billion) on […]
According to the European Chamber’s “Business Confidence Survey 2007,” which was generated from the responses of 211 European companies, Shanghai is the preferred location for a company’s Chinese headquarters, followed by Beijing. However, more firms are moving their sales and services outlets to “second-tier” cities. Sixty-nine percent of respondents planned to increase their investments in […]
In November, Luiz Inácio Lula da Silva, the president of Brazil, announced a three-year, $28 billion funding package for science and technology. This spending increase would push science spending in Brazil up to 1.5% of GDP, up from current spending of approximately 1% of GDP. The new science plan focuses particularly on supporting private industry’s […]
Pay Invoice
Latest Blogs
-
New Report Details Higher Education Science R&D Spending
February 27, 2026 3:23 pm
-
Single Use Leads Bioreactor Market Growth
December 30, 2025 6:04 pm
Sitemap
Your Data and Privacy
About Us
IBO (Instrument Business Outlook) is a twice-monthly newsletter aimed at providing decision-makers with the latest and most complete information available on the life science and analytical instrument industry, and lab product markets. IBO delivers the latest curated industry news, information and trends, as well as SDi data and analysis to deliver the maximum in industry insight with a minimum time investment for executives and investors.
